I don't get it. It will actually be bad for BOTH chains if indeed Bitcoin forks into two.
Not really. Ether split into ETH and ETC, and after a bit of turmoil, ETH has fully recovered in price, and ETC isn't doing badly either in terms of volume, people made money from the fork as they got two coins. If BTC splits, the market can then choose the one they want to use. I suspect the fees on the Core one will make it less popular. |
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For an idea of what will happen, look no further than ethereum.
Both ETH and ETC survived, the exchanges decided to list them both. Both are heavily traded, but ETH has the higher price. That in a nutshell is what will happen when BTC forks.
The other thing to note is that there will be a lot of volatility after the fork - both ETH and ETC plummetted just after their fork - it takes about a year to stabalise and for the price to return to it's pre-fork levels, and then people just carry on.
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Most coins survive their one year anniversary - the real question is, which coins survive their three year anniversary? Or five year anniversary?
Litecoin and Doge appear to be the two solid survivors. The jury is out on the rest.
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Low volume exchanges have higher prices. Also - exchanges in places where there are capital controls (like India) have higher prices.
The differences are because it is hard to arbitrage. In the case of capital controls, you can't get your fiat out. And in the low volume exchanges, you can't profit because the volume is so low that no-one eats up your sell orders.
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Well, he has managed to prove that Ether and ETC can co-exist.
It tanked for a few months after the hard-fork - but it's back again, and both coins have some value, so perhaps all the anguish about the bitcoin fork is also misplaced. There will be a small hit to the price, and then it will just carry on.
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There are some alts that move in the opposite direction to bitcoin. Check out the ETH chart - it's a mirror of the bitcon chart. It's almost like speculators are bouncing from bitcoin to ether back and forth.
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It depends entirely on the price you bought at.
If say you bought at $500 - then selling half your stash at $999 means you have got your initial investment back, and you can let the rest just ride and see what happens.
If you bought at $1200, then hodling in the hopes it goes back up becomes more attractive.
Also - people have different circumstances. if you are in profit and you have unexpected bills to pay, it makes sense to cash out to pay those bills rather than borrow the money to pay the bills. but if your bitcoin stash is just play money, you can afford to hold and see what happens.
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We don't know - depends on the miners, and they're a cartel with low accountability and low transparancy.
I honestly think the market wil get so fed-up with this, that they will switch to another coin. Ether is already at a third of bitcoin's marketcap.
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Well, the only time I have lost money while being in cryptocurrency has been due to exchanges suddenly shutting down and walking away with the money (Cryptsy and Mintpal).
Exchange risk is the biggest risk in cryptocurrency.
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Use Kraken. Send your bitcoin to Kraken, sell them for Euros - then use "SEPA withdrawal" to send the euros to your UK bank, and the money will appear in your account in pounds sterling. Kraken charges 9 cents for withdrawal. Your bank should apply a standard 5% exchange rate when automatically changing teh euros into sterling.
(Note: don't sell your coins for pounds on kraken - kraken has no facility to send sterling to your bank account. You need to do it in euros, and SEPA.)
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Calm down people! Bitcoin is trading in a range of between $900 and $1000, and is likely to stay in that range for a month or two till people decide the way forward on this hard fork. At that point it might either start another moonshot, or drop as people give up on it.
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Dogecoin fan and holder here. I think doge will success sooner or later. Powerful hasrate, huge comunity, cheap transactions and very popular. My favourite alt by far. cheers ppl
Well it seems to have had a bit of a pump today - it's up about 23%. |
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http://coinjournal.net/op-ed-will-bitcoins-high-transaction-fees-open-door-altcoin-adoption/Altcoins have long been ridiculed as useless aspects of the bitcoin ecosystem that don’t offer much in terms of real value to anyone who uses them. While they often make vague promises about how they are “bitcoin with feature X or Y,” the number of them that offer any real use cases today approaches zero.
Having said that, the increasingly higher transaction fees on the bitcoin network may have opened the door for a few of them to achieve some sort of purpose in the form of low-value payments. It’s unclear how how many people desire this particular use case, but let’s take a closer look.
...Litecoin – Litecoin is the option that makes the most sense here. After all, it was Litecoin Iconmarketed as the silver to bitcoin’s gold when Coinbase Director of Engineering Charlie Lee first created it while he was still working at Google. Litecoin has the benefit of being around since 2011, and it was created with a singular focus on payments. In theory, Litecoin makes the most sense for low-value cryptocurrency payments right now.
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Pretty legit.
They had a hack back in 2014, but they paid all the users back.
As always be cautious, and don't keep lots of coins on exchanges. They shouldn't be used as wallets.
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I wonder why Bytecoin even exist?
Polo does it, but it looks like his volume still above 2 btc and it makes polo not try to delist bytecoin from his exchange site. https://poloniex.com/exchange#btc_bcnThis. They delist coins with low trading volume because they don't make any money from fees from them. As long as a developer keeps an eye on his coin and does a few buys and sells to keep the activity up when it dies down, the coin will stay listed forever. |
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I think there is a support line at about $950, and the price is repeatedly testing this. If it fails to crash through it, it will rise above $1000 again.
Actually $1000 is not a big problem we want to get back at new ATH once it was looking stable above $1200. Now it has new trend with daily up and down which is happening in trading and some people making profit with this way easily. I think it needs to establish stability around $1000 before even thinking about trying for another all time high. The move from $700 was too fast and too violent, and bitcoin really needs to establish a base at $1000 before people feel secure about the future to buy again. |
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BU is sort of like a bloodless proto-coup attempt.
A coup implies that somebody is in charge. If somebody is in charge of Bitcoin, then Bitcoin is doomed. Ever since the Bitcoin Foundation (remember them?) in 2013, bitcoin has been intensely political with various people claiming that tehy are in charge and trying to steer the project. IMO things were most stable when Gavin was taking the lead, he had some decent diplomatic skills, and it's all gone to pot since he stepped away circa 2014. |
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I think there is a support line at about $950, and the price is repeatedly testing this. If it fails to crash through it, it will rise above $1000 again.
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it not fud so much as people are just sick of the internal fighting, and the implication of lack of dev via no consensus, and the strangleing of btc, when it should be happy that it is getting so much demand! The fact you can use normal x-actions anymore, and your coins are perma locked at the mercy of the current state of the mempool
I mean it all gone so right for btc then at the critical moment nope do want block size to be any bigger.
Yeah. This has been going on for about three years now. It needs to be resolved one way or another. I miss the days when Gavin was the lead dev and everything seemed stable from the tech side of things. |
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The one year anniversary for Steem is on the 24th March - I'm guessing the pump is to time in with that, to make people feel good about the coin It is still only 20 cents which is where it was last July when the first payments were made. But I guess it's a relief it is no longer 7 cents!
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